NEW DELHI: Equity indices tanked on Wednesday right after remaining in optimistic territory for previous 2 sessions, with the benchmark BSE sensex slipping over 700 details, next weak traits in Asian markets.
The 30-share BSE index fell 710 points or 1.35 for every cent to close at 51,823, though the broader NSE Nifty settled 225 details or 1.44 per cent reduce at 15,413.
Tata Steel was the most important loser in sensex pack falling as much as 5.24 for every cent adopted by Wipro, Reliance, IndusInd Bank and HCL Tech.
TCS, HUL, Electricity Grid and Maruti had been the only gainers soaring up to .31 for each cent.
On the NSE system, all sub-indices completed in purple with Nifty Metallic, Media, Realty and Oil & Fuel slipping up to 4.87 for every cent.
In addition, unabated overseas fund outflows also played spoilsport for the bourses.
“Pull back rallies can be sharp and it was sharp yesterday. The crucial query is — will this carry on? There is no financial news, apart from the softness in crude, to maintain the rally.
“There is no cause for FIIs to alter their advertising approach because the greenback continues to be sturdy and US bond yields are desirable and anticipated to rise even further,” V K Vijayakumar, chief investment decision strategist at Geojit Economical Companies explained to PTI.
Meanwhile, rupee declined by 27 paise to a record lower of 78.40 (provisional) versus the US dollar on Wednesday thanks to unabated international fund outflows and losses in the domestic equities.
(With inputs from businesses)
The 30-share BSE index fell 710 points or 1.35 for every cent to close at 51,823, though the broader NSE Nifty settled 225 details or 1.44 per cent reduce at 15,413.
Tata Steel was the most important loser in sensex pack falling as much as 5.24 for every cent adopted by Wipro, Reliance, IndusInd Bank and HCL Tech.
TCS, HUL, Electricity Grid and Maruti had been the only gainers soaring up to .31 for each cent.
On the NSE system, all sub-indices completed in purple with Nifty Metallic, Media, Realty and Oil & Fuel slipping up to 4.87 for every cent.
In addition, unabated overseas fund outflows also played spoilsport for the bourses.
“Pull back rallies can be sharp and it was sharp yesterday. The crucial query is — will this carry on? There is no financial news, apart from the softness in crude, to maintain the rally.
“There is no cause for FIIs to alter their advertising approach because the greenback continues to be sturdy and US bond yields are desirable and anticipated to rise even further,” V K Vijayakumar, chief investment decision strategist at Geojit Economical Companies explained to PTI.
Meanwhile, rupee declined by 27 paise to a record lower of 78.40 (provisional) versus the US dollar on Wednesday thanks to unabated international fund outflows and losses in the domestic equities.
(With inputs from businesses)
